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$1.00 lakes blue energy nl

Maybe this will be the trade off , no compensation but the govt...

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wicketkeeper

150 Posts.

41

14/09/17

10:37

Post #: 27209916
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Originally posted by ravishankaray ↑

Wade Noonan was on 3AW with Tom Elliott today, and talking same rubbish, although he said the Govt was committing $20million, I think it was over next few years to find out if there actually is gas onshore.

Does not make sense as Lakes would do it at no taxpayers' expense, ... and Noonan said Gippsland farmers mainly all against any sort of gas/oil exploration, ... so what if they do find gas with the Govt money ?

All Monty Python stuff.

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Maybe this will be the trade off , no compensation but the govt to fund a couple of exploration wells which would save the shareholders putting in more funds and diluting the share value even more. Might be a good outcome for us as when gas is "rediscovered" a big player might surface with a takeover bid . Might be wishful thinking but????

LKO Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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